Refinance Costs Associated in Wake County NC

By
Mortgage and Lending with Triangle Lending Group NMLS# 115009

 

This is a brief rundown on costs that could be associated with a refinance loan in Wake County, NC:

  • Application Fee - A fee charged by the lender to process the loan application.
  • Appraisal Fee - This determines the current value of your home.
  • Credit Report - The fee the lender charges to pull your credit report.
  • Title Search and Title Insurance - You may be able to get your current title company to reissue a new policy and save money in this area.
  • Loan Origination Fee - A fee the borrower pays the lender to underwrite the loan. Usually expressed in the form of points.
  • Discount Points - One point is equal to one percent of the loan amount. You may want to pay discount points to secure a lower interest rate when refinancing or purchasing.
  • Miscellaneous Fees -. Private mortgage Insurance (PMI), document preparation fees, notary fees and tax service fees may also fall under this category.

There may be  no-cost and low-cost refinance loans available, and some or all of the fees and closing costs may be waived,based on loan type.

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Call me directly for a free consultation in
Wake County, NC.

 

 

Comments (7)

Franklin & Brentwood, TN Homes Mike Nastri
Keller Williams Realty - Franklin, TN
It matters to us as much as it matters to you.

This is a very helpful run-down of costs and a good glossary of terms that the average home buyer doesn't hear every day.

Sep 17, 2009 02:05 PM
Judy Jennings
Top Agent Plus - Middleboro, MA
Tap into Judy's real estate expertise & resources.

Good breakdown of the cost and terms associated with refinancing a home.

Sep 17, 2009 04:06 PM
Sukhdev Farmah
Triangle Lending Group - Morrisville, NC

Thanks mike

Sep 18, 2009 12:41 AM
Sukhdev Farmah
Triangle Lending Group - Morrisville, NC

Thanks Judy

Sep 18, 2009 12:41 AM
Anonymous
Raleigh Mortgage

Very helpul, its always good to define terms that not everyone knows. 

 

Cheers,

James

NC Mortgage
 

505 Clyde Farrell Rd, Apex, NC

(919) 395-8624

May 18, 2012 03:45 PM
#5
Anonymous
Angelina Brown

Hi,
My name is Angelina Brown. I was wondering: do you accept guest posts on:wakecountyncmortgageblog.com? My article is on real estate/mortgage topic, so it would be a perfect fit for your website/blog.

I will gladly send you my completely original article if you give me your permission.

Thank you.

Aug 01, 2012 04:17 PM
#6
Anonymous
Angelina Brown

Hi,
My name is Angelina Brown. I was wondering: do you accept guest posts on:wakecountyncmortgageblog.com? My article is on real estate/mortgage topic, so it would be a perfect fit for your website/blog.

I will gladly send you my completely original article if you give me your permission.

Thank you.

Aug 01, 2012 04:18 PM
#7